These schemes are extremely aggressive and very high risk.
In case you aren't aware of this, the LC is a law passed by Parliament. It was a major part of the Budget. Anyone using a scheme, to get around it, would be regarded as deliberately and wilfully flouting the law.
HMRC have to uphold the law, and they have already said that they will crack down hard on any arrangements which attempt to circumvent it.
There is a high likelihood of harsh penalties.
Think very carefully before embarking on this perilous path!
In case you aren't aware of this, the LC is a law passed by Parliament. It was a major part of the Budget. Anyone using a scheme, to get around it, would be regarded as deliberately and wilfully flouting the law.
HMRC have to uphold the law, and they have already said that they will crack down hard on any arrangements which attempt to circumvent it.
There is a high likelihood of harsh penalties.
Think very carefully before embarking on this perilous path!
Comment